Daniel Balfour

Review of TD Auto Finance

TD stands for "Toronto Dominion", as in Toronto, C...

TD stands for "Toronto Dominion", as in Toronto, CANADA. This is important to note because CANADIAN COMPANIES are known for being EXCEEDINGLY PETTY and TD Auto Finance meets this expectation exactly. I went through them for my car loan some two years ago. I made payments on time each month for the entire period. I recently traded the car (for something less expensive) and TD Auto Finance will STILL take the payment from my bank account, even though a dealer check is en-route. They will hold my payment for a full 21 days AFTER the loan has already been paid off, to "make sure" the dealer's check is good. This is textbook loan sharking! Also worth noting is that this company is in the technological STONE AGE. They insist on sending you 'faxes', can't email you a payoff quote (PDF) and whatever docs they can send you digitally have to go through their archaic "website" which incidentally takes TWO DAYS lol Considering they are located in MI, it would arguably be faster if they just mailed the damn thing! Suffice to say I won't ever deal with TD again or ANY of their subsidiary companies and I don't recommend you do either. If you're credit is good enough for TD, you have your pick of US lenders that will actually work with you and APPRECIATE your business.